Title: Presentation on Business Strategy of Sony Ericsson
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2- Introduction
- Company Info
- Context of business strategy
- Stakeholders
- Importance of stakeholders analysis
- External Audit
- Competitor Analysis
- Internal Audit
- Issues involved in strategic planning
- Planning technioques
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4This presentation is going to speak about the
business strategy of Sony Ericsson. It includes
the identification of company's key stakeholders,
its mission, vision, goals and core competencies.
The next phase of this presentation includes the
assessment of companys external environment as
well competitiveness. Another part provides the
understanding about a range of issues involved in
strategic planning process. The aim behind
undertaking this study is to identify the
effectiveness of Sony Ericssons business
strategies.
5Name Sony Ericsson Industry Mobile and
Smartphone Establishment October 1, 2001 as a
joint venture between Sony and the Swedish
telecommunications equipment company Ericsson,
under the name Sony Ericsson. Number of
employees 7,500 Expanded in around 40
countries. Key Competitors
Financials 2007 2008 Change
Revenue 3,108 2,808 -10
Gross Profit -35
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71.1
Mission To develop a wide range of innovative
products and multimedia services while improving
the experience of customers through creating new
entertain world Vision To be the Prime
Driver in an all communicating world. Core
competencies Human resource is the main core
competency of Sony Ericsson. They focused on the
acquiring the innovative and creative people .
8- Core values
- Respect, professionalism and perseverance are
the values that are the foundation of the
Ericsson culture, guiding us in our daily work
how we relate to people and how we do business. - Goals and objectives
- To deliver world class services
- Maintain leadership
- Use of high class technology in the products
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101.2
For each company the approaches to strategic
planning differ as per the attitude and culture
of the company. There is a range of issues which
can affect the strategic planning process of an
organization. For Sony Ericsson these issues
are Commitment Credibility Communication
111.3
In order to make effective business plan it is
must for the companies to use appreciate tools.
The effectiveness of any strategy largely relies
on the information being used as base. Sony
Ericsson can use following techniques for
strategic planning Market Research Feasibility
Study
122.1 Organizational audit
Internal audit of any organization can be
conducted by using SWOT analysis. This tool
includes four major dimensions for analyzing the
ability of company to attend opportunities and
face the threats. These four major dimensions
are
13STRENGTHS Well expanded business Innovative products WEAKNESSES High prices Lack of customer support
OPPORTUNITIES Increasing familiarity of people with technology Product differentiation THREATS Powerful competitors High bragging power of customers
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152.2
The environmental audit includes the assessment
of key external forces which can make direct as
well as indirect impact on the performance of any
organization. The factors of external
environment can be identified on the basis of
PESTEL analysis. This tool analyzes six major
factors of external environment that
are Political Economic Social Technological Envir
onmental Legal
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18 Threat of New Entrants Low
Bargaining Power of Buyers High
Bargaining Power of Suppliers Low
Competitive Rivalry High
Threat of Substitutes High
19This assessment is made to identify the
competitive position of the company. Porter's
five force model is one of the most comprehensive
ways of analyzing the level of competition in
market. This model evaluates the level of
competition on the basis of five key parameters
that are
202.3
Stakeholders are all those firms and individuals
that have direct or indirect interest in an
organization.
21Stakeholder analysis can be stated as the review
and consideration of the impact stakeholders have
on a business. Â
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